By: Express Web Desk | New Delhi |
Updated: April 4, 2022 9:29:54 am
A security guard stands outside of a HDFC bank branch in Kolkata. (Express Photo by Partha Paul)
Private sector lender HDFC Bank will merge with mortgage lender Housing Development Finance Corporation (HDFC), both companies informed on Monday.
Following this scheme becoming effective, HDFC Bank will be 100 per cent owned by public shareholders and existing shareholders of HDFC Limited will own 41 per cent of HDFC Bank, the companies said in an exchange filing.
More to follow
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